Guaranteed Investment Plan
Minimum Guarantees & Initial Allocation
- Minimum Investment: US$ 100,000
- Minimum Additions: US$ 50,000
- Issue ages: 0-85
- Maximum: US$ 3,000,000, which may be exceeded with Beechwood approval*
*Maximum plan size for issue ages between 76 and 85 years equals US$ 1,000,000 without Beechwood approval.
One-Time Free Withdrawal:
After the third plan anniversary, Plan holders are able to withdraw up to 10% of their Plan Value on a one-time basis without paying a Redemption Charge. This One-Time Free Withdrawal will generate a proportional reduction in their Principal Protected Guarantee amount.
Plan holders always have full access to their Plan Value, subject to the following declining
scale of Redemption Charges:
Monthly Step-Up Benefit
Automatically lock-in every month any increases in your Plan Value. As a result, your Guarantee will continue to increase if your Plan Value increases. This benefit is only available for the 5 and 10-Year Plans.
Wealth Transfer Benefit
This benefit will be offered to a surviving Beneficiary upon the death of the investor. The benefit will be an option of:
Continuing the plan “as is” OR
A lump-sum payment comprised of the greater of: